What Bank would you Recommend

[Shafi Noss]

Hi everyone,

I'm curious about people's thoughts on banking strategy, especially if you are doing multifamily syndication. Right now I use Wells Fargo, USAA, and Chase for a mix of personal and business accounts, but I'm thinking of consolidating all my accounts under one bank. Is this a good idea? Are there any banks favorable for real estate investors? What strategies do people use that they would recommend?

[Aaron K.]

I like the online banks that offer a slightly higher interest rate usually in the 2% range right now such as Ally bank, the brick and mortar guys offer basically nothing and will sometimes charge fees just for the privilege of having an account.